TIKKURILA BECOMES SOLIDIUM'S TENTH PORTFOLIO COMPANY
(Thomson Reuters ONE) -
Tikkurila Oyj becomes Solidium Oy's tenth holding as Tikkurila is listed on the
NASDAQ OMX Helsinki. With its 14.68% share, Solidium becomes Tikkurila's second
largest shareholder. The company's other main shareholders are Oras Invest Oy
(14.70%), Kemira Oyj (14.00%), Varma Mutual Pension Insurance Company (8.61%)
and Ilmarinen Mutual Pension Insurance Company (5.19%).
Kemira distributed 86 per cent of Tikkurila's shares to Kemira shareholders, in
order to facilitate the spin-off and stock exchange listing of the paints
manufacturer.
* Tikkurila's spin-off has created a new, solid listing on the Helsinki Stock
Exchange, with strong domestic ownership. For investors, the spin-off
increases Tikkurila's operational transparency, says Solidium's Managing
Director, Kari Järvinen.
* Tikkurila has an interesting growth strategy, which we support. This means
that the company can now develop its business independently, based entirely
on its own requirements, Mr Järvinen adds.
Tikkurila provides consumers, professionals and industrial users with
user-friendly and environmentally sustainable solutions for protection and
decoration. Tikkurila is a strong regional player that aims to be the leading
paint company in the Nordic area and Eastern Europe including Russia. In 2009
Tikkurila had a revenue of EUR 530 million. Its operating profit, excluding
non-recurring items, amounted to EUR 50 million.
Further information:Managing Director Kari Järvinen, Solidium Oy, tel. +358
(0)10 830 89 05
Solidium is a holding company wholly owned by the State of Finland, which
cooperates with other investors. Solidium's holdings involve national interests,
but its investment decisions are based on financial considerations. An active
participant in the Finnish capital market, Solidium finances its activities with
investment income and debt. Solidium's portfolio contains ten listed companies,
in all of which Solidium has a minority holding (Elisa Corporation, Kemira Oyj,
Metso Corporation, Outokumpu Oyj, Rautaruukki Corporation, Sampo plc, Stora Enso
Oyj, Sponda Plc, TeliaSonera AB and Tikkurila Oyj). The market value of
Solidium's equity investments is some 8,4 billion euros. Further
information:www.solidium.fi
[HUG#1396649]
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Datum: 26.03.2010 - 05:00 Uhr
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News-ID 1012007
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